How Much Did Shipper Raise? Funding & Key Investors

Shipper has raised funding over six rounds, with the latest being a Series C, supported by 17 investors including Endeavor Catalyst and Gold House. The company has also made strategic acquisitions, such as PORTER, to enhance its logistics capabilities.

Keep reading to explore the intricacies of Shipper's fundraising journey and the investors backing this innovative logistics platform.

What Is Shipper?

Shipper is a prominent logistics platform based in Jakarta, Indonesia, specializing in delivery, internet, logistics, and supply chain management. The company employs between 251-500 people and has raised funding through a Series C round.

Shipper offers a comprehensive range of logistics solutions, including shipping, warehousing, and API integration, catering to both online and offline businesses. The company is trusted by numerous leading brands and has received multiple industry awards for its innovative solutions.

How Much Funding Has Shipper Raised?

1. Pre-Seed Round
   • Amount Raised: USD 150,000
   • Date: March 2019
   • Lead Investors: Y Combinator
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and develop its initial logistics platform.
2. Seed Round
   • Amount Raised: USD 5,000,000
   • Date: September 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the company's logistics network and enhance its technology infrastructure.
3. Series A Round
   • Amount Raised: USD 20,000,000
   • Date: May 2020
   • Lead Investors: Naspers
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and increase market penetration in Indonesia.
4. Series B Round
   • Amount Raised: USD 63,000,000
   • Date: April 2021
   • Lead Investors: DST Global, Peak XV Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To invest further in technology and expand the logistics network.
5. Non-Equity Assistance
   • Date: September 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational activities without diluting equity.
6. Series C Round
   • Amount Raised: USD 43,749,882
   • Date: April 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further enhance logistics capabilities and expand market reach.

Total Amount Raised: USD 131,899,882

Current Valuation: Not publicly disclosed

Key Investors

• Endeavor Catalyst
  • Details: Endeavor Catalyst is a co-investment fund that supports high-impact entrepreneurs in emerging markets. It is part of Endeavor, a global organization that selects and supports high-impact entrepreneurs.
  • Investment Focus Areas: Technology, healthcare, consumer products.
  • Notable Investments: Rappi, Glovo, Cabify.
• Gold House
  • Details: Gold House is a nonprofit collective of Asian founders, creative voices, and leaders dedicated to unifying the Asian diaspora and accelerating their success.
  • Investment Focus Areas: Media, technology, consumer products.
  • Notable Investments: Not publicly disclosed.
• DST Global
  • Details: DST Global is a venture capital firm that invests in late-stage internet companies. It was founded by Yuri Milner and is known for its investments in some of the world's leading technology companies.
  • Investment Focus Areas: Internet, software, technology.
  • Notable Investments: Facebook, Twitter, Alibaba.
• Sequoia Capital India
  • Details: Sequoia Capital India is a venture capital firm that invests in early and growth-stage companies in India and Southeast Asia. It is part of the global Sequoia Capital network.
  • Investment Focus Areas: Technology, healthcare, consumer, financial sectors.
  • Notable Investments: Byju's, Zomato, OYO Rooms.
• Y Combinator
  • Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since 2005. It provides seed funding, advice, and connections to help startups grow.
  • Investment Focus Areas: Early-stage startups across various sectors.
  • Notable Investments: Airbnb, Dropbox, Stripe.

What's Next for Shipper?

Shipper stands at the cusp of significant growth opportunities, driven by the increasing demand for digital logistics solutions in Indonesia. With a robust network of fulfillment centers and delivery partners, the company is well-positioned to expand its logistics network and enhance its technology to serve a broader range of micro, small, and medium-sized enterprises.

Future fundraising opportunities appear promising, given the involvement of high-profile investors like DST Global and Sequoia Capital India. These investors' continued support could pave the way for additional funding rounds, enabling Shipper to scale its operations and invest further in technological advancements.

However, Shipper may face challenges such as intense competition from other logistics providers and the complexities of managing an expanding logistics network while maintaining service quality. Adapting to rapidly changing technology and market demands will also be crucial for sustained growth.

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